MDXH Technical Analysis - MDXHEALTH

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to MDXH. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MDXH is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that MDXH is one of the better performing stocks in the market, outperforming 96% of all stocks.

MDXH is part of the Biotechnology industry. There are 536 other stocks in this industry. MDXH outperforms 91% of them.

MDXH is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MDXH is lagging the market slightly.

In the last month MDXH has a been trading in the 3.60 - 4.94 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although MDXH has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.53

4.40

We found 2 important support areas.

Support @3.08 from a trend line in the daily time frame.
Support @2.56 from a trend line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 4.30 to 4.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for MDXH is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for MDXH is up.
ChartMill Relative Strength	96.2	POSITIVE	MDXH has a high relative strength, it outperformed 96.2% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of MDXH is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of MDXH is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of MDXH is above the rising SMA(200).
Relative Strength Index/RSI (14)	55.13	NEUTRAL	The RSI value for MDXH is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.05	NEGATIVE	The MACD value suggests MDXH has a negative trend.
Stochastics (14,3)	61.57	NEUTRAL	The Stochastics value for MDXH is a neutral value.
Average True Range in percent/ATR (20)	6.19	HIGH VOLATILITY	The high ATR as a percentage value for MDXH suggests high volalility.
Average Directional Index/ADX (14)	58.6	POSITIVE	The high ADX value value for MDXH suggests a strong trend.